LONDON: Volution Group plc (LSE: FAN), a leading international designer and manufacturer of energy efficient indoor air quality solutions, has signed an agreement to acquire the AC Industries business (ACI). Founded in 1991 and headquartered in Sydney Australia, ACI designs, manufactures and supplies specialist ventilation ducting solutions for secondary ventilation in underground mines. With its…
Microsoft’s $23 billion AI surge meets Europe’s scrutiny of Google
Microsoft’s $23 billion push into artificial intelligence marks a decisive pivot in global tech capital allocation, anchoring growth in India while widening its cloud footprint across Canada, Portugal, and the UAE. The scale signals a race to lock in data center capacity, sovereign AI capabilities, and talent pipelines before the economics of AI are fully…
OCI Global, Orascom Construction agree on Abu Dhabi-based infrastructure merger
PARIS: – OCI Global (Euronext: OCI) and Orascom Construction PLC (ADX, EGX: ORAS) said on Tuesday they have reached an agreement to combine operations, creating a new Abu Dhabi-anchored infrastructure and investment platform aimed at expanding global reach and growth prospects. Under the deal, OCI shareholders will receive 0.4634 Orascom Construction shares for each OCI…
Kistos to acquire Oman onshore assets in $148mn deal, Expanding into Middle East
LONDON: Kistos (LSE: KIST), an independent energy company focused on generating value across the upstream and midstream markets, has entered into a binding agreement to acquire a 5% working interest in Block 9 and a 20% working interest in Blocks 3 & 4 from Mitsui E&P Middle East B.V., both located onshore in the Sultanate…
Molten Ventures invests $31.6mn in Modo Energy; Exits ICEYE in $2.4bn valuation round
LONDON — Venture capital firm Molten Ventures PLC said Tuesday it invested 12.5 million pounds ($15.8 million) in energy analytics company Modo Energy and sold part of its stake in satellite operator ICEYE, generating about 17.5 million pounds ($22.1 million) in cash. The deals highlight the firm’s strategy of funding high-growth technology businesses and managing…
Venture Life sells Ultradex and Dentyl brands to focus on core business
LONDON — Venture Life Group, a global consumer healthcare company, announced Monday it has completed the sale of its Ultradex and Dentyl oral care brands to Covestus Holdings Ltd. for an enterprise value of up to 4.5 million pounds ($5.8 million). The deal includes 100% of the issued share capital of Periproducts Limited. Venture Life…
Frasers Group acquires Swindon Designer Outlet to strengthen brand ecosystem
LONDON: Frasers Group plc announced the acquisition of Swindon Designer Outlet, marking a meaningful step towards achieving the Group’s vision of building the planet’s most admired and compelling brand ecosystem. Through acquisitions of strategic physical retail locations like Swindon, Frasers Group supports key brand partners’ outlet strategies – including Nike, adidas, BOSS – and aims…
Pensana secures $100 million strategic investment to advance U.S. mine-to-magnet rare earths strategy
LONDON: Pensana (PRE.LSE) has concluded a US$100 million subscription by a Strategic Investor in support of the Company’s U.S. Mine-to-Magnet strategy. Under the agreement, the Strategic Investor has subscribed for 95,000,000 new ordinary shares of £0.001 each subject to confirmatory due diligence of the Longonjo project along with shareholder authorisation of the share issue and…
BHP partners with Global Infrastructure Partners on WAIO power network
LONDON: BHP has entered into a binding agreement with Global Infrastructure Partners (GIP), a part of BlackRock, in relation to BHP’s share of Western Australia Iron Ore’s (WAIO) inland power network (the Agreement). WAIO comprises four main joint ventures in the Pilbara region of Western Australia. BHP holds an 85% interest in WAIO. Under the Agreement,…
Restore Plc sells Harrow Green to Bouverie Holdings for £5.5 million
LONDON: Restore Plc announced the disposal of Restore Harrow Green to Bouverie Holdings Ltd, a company owned by the same shareholders as the parent company of Pickfords Move Management Ltd, for a cash consideration of £5.5m of which £2.0m is contingent on FY26 performance. Harrow Green is the UK’s leading commercial relocation company, supporting corporate…
Patriot Resources to acquire high-grade Tassa silver-gold deposit in Peru
SYDNEY – Australian explorer Patriot Resources Limited said on Tuesday it has agreed to acquire the high-grade Tassa silver and gold deposit in Peru, marking a significant expansion of its battery and critical minerals portfolio. The company will acquire 100% of Colque Holdings Pty Ltd, which holds the deposit, for an initial consideration of 20…
Summit Minerals to acquire high-grade silver and tungsten mine in Nevada
SYDNEY – Australian explorer Summit Minerals Ltd said on Tuesday it agreed to acquire the historic Keystone polymetallic mine in Nevada, a site with documented high-grade silver and tungsten mineralization, as it seeks exposure to critical and precious metals. The ASX-listed company signed a binding heads of agreement to purchase 100% of the Keystone Project,…